Republicans are juggling complex political and tactical questions as they plan their congressional agenda next year.
Category: Finance
How Trump’s Plans for Immigration, Tariffs and the Fed Could Affect the Economy
Economists are trying to guess at how Trump policies could affect growth and inflation. The uncertainties are huge.
After Flurry of Cabinet Picks, Trump Rethinks Candidates for Treasury Secretary
President-elect Donald J. Trump is expected to invite the contenders for the role, including Kevin Warsh and Marc Rowan, to Mar-a-Lago this week.
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.
Ford Fined by Safety Agency Over Defective Rearview Camera Recalls
The regulator faulted the automaker for not recalling cars with defective rearview cameras quickly enough and for providing incomplete and inaccurate information.
Biden Cements TSMC Grant Before Trump Takes Over
The White House is racing to finish grant agreements for chip manufacturers, but some of its biggest successes might be credited to the Trump administration.
Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates
A strong economy is giving Federal Reserve officials room to move “carefully” as they lower interest rates, the central bank chair said.
Trump’s Tariffs Could Deal a Blow to Mexico’s Car Factories
The president-elect has said he could impose punitive tariffs on car imports from Mexico, a move that could hurt factories and workers on both sides of the border.
NLRB Bars Mandatory Anti-Union Meetings After Amazon Draws Complaint
The ruling, stemming from a complaint against Amazon, bars companies from compelling workers to attend meetings on unionization’s downsides.
Republicans and Democrats Highly Divided in Economic Outlook Under Trump
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.
Why Trump’s Victory Is Fueling a Market Frenzy
Investors have been comforted by a clear election result and are anticipating tax cuts and deregulation from a second Trump administration.
Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
Trump’s Economic Plans Could Worsen Inflation, Economists Say
Many Americans fretted about inflation as they headed out to vote. But Donald J. Trump’s approach comes with risks of a renewed boost.
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
Could Trump’s Tariffs Lead to Higher Prices? Here’s What to Know.
The president-elect says that tariff is “the most beautiful word in the dictionary.” You may be hearing it a lot.
Trump Is Expected to Upend Biden Labor Policies Favoring Unions
After gains by organized labor under President Biden, a second Trump administration is likely to change course on regulation and enforcement.
Fed Cuts Interest Rates by a Quarter Point, but the Path Ahead Is Less Clear
The Federal Reserve is reducing rates in response to cooling inflation. Donald Trump’s presidential victory has pumped up uncertainty.
With Trump Tariffs Looming, Businesses Try to ‘Run From a Moving Target’
Companies are filling their warehouses or looking into moving factories as they weigh President-elect Donald J. Trump’s threats to impose tariffs on foreign goods.
Trump’s Win Shows Limits of Biden’s Industrial Policy
Long-term economic investments in domestic manufacturing were overshadowed by real-time anxiety over rent and grocery prices.
House Committee Targets Chip Technology Firms for China Ties
It requested information from a handful of firms that make chip manufacturing possible about their commercial ties to China.
Trump’s Tax Proposals Face a Fiscal Reckoning
Advisers to President-elect Donald J. Trump and Republicans on Capitol Hill are already looking at ways to scale back some of his more expensive ideas.
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?
Another Jolt of Uncertainty for a Global Economy Mired in It
The U.S. presidential election result has ensured a sharp turn in economic policy expected to upend global commerce and diverge from decades of American norms.
GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.
New Jersey Democrats Work to Flip House Seat
Sue Altman, a Democrat, has focused on reproductive rights as she seeks to unseat a Republican incumbent, Representative Thomas Kean Jr., in a New Jersey swing district.
U.S. Farmers Brace for New Trump Trade Wars Amid Tariff Threats
Despite their concerns, some farm operators still support the former president and prefer his overall economic plan.
Can Democrats Win Back Voters From Trump on Trade Policy?
The Biden administration has pursued a big shift in trade policy, but it’s not clear whether that will be enough to win votes.
Walmart Holiday Shopping Plans Are Laid Months Before Black Friday
To prepare for ever-longer shopping season, thousands of employees were assembled for a retail jamboree in Florida’s August heat.
Inflation Cooled Further in September, PCE Index Shows
Overall inflation slowed in September from a year earlier, though some signs of stubbornness lingered under the surface.
The Jobs Report on Friday May Be a Fluke and a Political Football
Economists expect the October data to show unusually weak job creation. But hurricanes and strikes may account for much of the shortfall.
New York State Chosen as National Center for Chip Manufacturing Research
The Biden administration will place a hub of a newly created national semiconductor technology center in upstate New York.
Working-Class Voters Are Pivotal. Both Candidates Are Vying for Their Support.
Kamala Harris’s plans offer a bigger boost for the working class, but Donald Trump seems to be convincing voters.
U.S. Factory Towns Laid Low by the ‘China Shock’ Are Benefiting From New Investments
Communities that suffered the worst of plant closings in recent decades are now gaining an outsize share of fresh investment and new jobs.
Boeing Reaches New Deal With Union in Hopes of Ending Strike
The aerospace manufacturer’s largest union said it would put the contract to a vote on Monday by its 33,000 members, who rejected two earlier agreements.
Inflation Is Basically Back to Normal. Why Do Voters Still Feel Blah?
Consumers still give the economy poor marks, though the job market is strong and price increases have faded for months.
Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy
It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?
How Elon Musk Might Use His Pull With Trump to Help Tesla
Although Donald Trump has opposed policies that favor electric cars, if he becomes president he could ease regulatory scrutiny of Tesla or protect lucrative credits and subsidies.
G.M.’s Electric Vehicle Sales Surge as Ford Loses Billions
Ford is struggling to make money on battery-powered models while General Motors, which started more slowly, says it is getting close to that goal.
Trump’s Vast Tariffs Would Rock Global Businesses and Shake Alliances
Economists said Donald Trump’s plan to return trade barriers to levels not seen in generations would be “a grenade thrown in the heart” of the international system.
Have Paychecks Kept Up With the Cost of Living?
On average, pay has risen faster than prices in recent years. But the overall picture is complicated — and it’s not just facts versus “vibes.”
Can Harris’s Economic Plans Sway Small Business Owners to Vote Democratic?
Kamala Harris has leaned in with promises to aid start-ups, but proprietors are often more focused on taxes and regulations.
Alabama Prison Labor Program Faces Legal Challenges
A work-release program for Alabama prisoners provides labor for corporations and income for the state. Lawsuits are challenging its constitutionality.
Global Economic Leaders Confront a New Era of Industrial Policy
Policymakers brace for more protectionism and the demise of “neoliberalism” if Donald J. Trump is re-elected in the U.S.
Russia Raises Interest Rate to 21 Percent, Its Highest in Decades
Military spending and recruitment are causing the country’s economy to overheat, leaving regulators in a struggle to rein in rising prices.
‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election
As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.
Boeing Union Workers Reject New Contract and Extend Strike
The vote, hours after Boeing reported a $6.1 billion loss, will extend a nearly six-week-long strike at factories where the company makes its best-selling commercial plane.
G7 Finalizes $50 Billion Ukraine Loan Backed by Russian Assets
The economic lifeline is expected to be disbursed by the end of the year.
California Tribal Casinos May Sue to Curb City Card Rooms
A new state law allows tribes to file suit against gambling venues they don’t operate, potentially shuttering them and jeopardizing local tax revenue.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats
The International Monetary Fund said protectionism and new trade wars could weigh on growth.
Yellen Rebukes Chinese Lending Practices in Call for Debt Relief
In an interview, the Treasury secretary also highlighted progress at the World Bank and the International Monetary Fund ahead of annual meetings this week.
The Best Books About the Economy to Read Before the 2024 Election
The brightest minds explore the issue at every level, from the levers that control inflation to the best way to achieve work-life balance.
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”
Meet Michelle Bowman, the Fed Official Cited by JD Vance
Michelle Bowman, a Trump-appointed Fed official recently cited by JD Vance, has been gaining prominence.
How Is the Economy for Black Voters? A Complex Question Takes Center Stage.
Donald J. Trump has been talking up his economic record for Black voters. The legacy of the last eight years is complicated.
Trump’s Tariff Plans Would Fuel Inflation, Janet Yellen Will Warn
The Treasury secretary criticized former President Donald J. Trump’s economic proposals in a speech.
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.
Trump Brags About His Math Skills and Economic Plans. Experts Say Both Are Shaky.
In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.
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With $32 Billion in Aid, Native Americans Push Against History of Neglect
A pandemic relief bill set aside long-term funds for tribal lands that have lacked the tax revenue, and infrastructure, to spur businesses and wealth.
How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders
The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.
Nobel Economics Prize Awarded to Daron Acemoglu, Simon Johnson and James Robinson
Daron Acemoglu, Simon Johnson and James Robinson shared the award for their work on explaining the gaps in prosperity between nations.
Russian Oil Flows Through Western ‘Price Cap’ as Shadow Fleet Grows
A report shows how Russia has largely evaded sanctions aimed at limiting its revenue from oil sales.
Trump and Harris Want to Revive Manufacturing, but How Much Could They Actually Do?
The policy focus on the industry has changed from job quantity to job quality. And while federal incentives matter, local factors are more important.
Harold Daggett, Port Strike Leader, Seeks Big Raises for Dockworkers
Harold J. Daggett is seeking big raises for longshoremen on the East and Gulf Coasts who have fallen behind workers on the West Coast.
Led by Believers in the City’s Future, Detroit Is on the Rebound
Once the largest city in the U.S. to declare bankruptcy, this Midwestern metropolis is now thriving. But some obstacles still remain.
How Mizzou Football Is Benefiting From State N.I.L. Laws
A state law allowing high schoolers to earn from endorsements, if they commit to attending a public university in Missouri, has helped Mizzou attract blue-chip players.
Trump Blames Immigrant Surge for Housing Crisis. Most Economists Disagree.
The former president often implies that deportations will bring down housing costs. Reality is more complicated.
Amazon Could Be Forced to Treat Drivers as Employees
Amazon’s delivery system depends on third-party companies. But labor regulators have challenged that model, possibly opening the way for unionization.
Global Trade Grows but Remains Vulnerable to War and Geopolitics
New reports from the World Trade Organization and a Washington think tank showed how robust global trade could quickly be derailed by violence.
Fed Officials Debated Whether a Big Rate Cut Was Smart in September
Freshly released minutes from the central bank’s September meeting show that policymakers were divided on how much to cut rates.
Boeing and Workers Dig In for a Long Fight, Despite Strike’s Cost
Nearly a month into a union walkout, the aerospace giant withdrew its latest contract offer, and the two sides exchanged blame over the breakdown.
U.S. Faces Economic Turbulence Just as Recession Fears Eased
War in the Middle East, a strike by port workers and a devastating hurricane injected uncertainty into the U.S. economy.
As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate
Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in vain.
E.V. Tax Credits Are a Plus, but Flaws Remain, Study Finds
The Inflation Reduction Act was a compromise between competing priorities. Evaluating the law on the effectiveness of the $7,500 tax credit for E.V.s is tricky.
Trump’s Plans Could Increase U.S. Debt While Raising Costs for Most Americans
A new analysis finds that Vice President Kamala Harris and former President Donald J. Trump’s plans would both add to the deficit, but Mr. Trump’s proposals could create a fiscal hole twice as
The Pandemic Small Business Boom Is Still Helping to Fuel the Economy
A record surge in new businesses has helped drive job growth, and could have longer-term benefits.
A Strong Jobs Report Suggests the Economy Is More Resilient Than We Thought
After months of wobbling, a fresh jobs report showed that hiring and wage growth are strong, aligning with other robust economic data.
Jobs Report Gives Kamala Harris Another Boost
Recent reports have shown inflation slowing and the economy growing at a robust clip. The Fed has also cut interest rates, bringing mortgage rates down.
Port Strike’s End Is an Economic Relief to Savannah, Ga.
The Georgia city is a picturesque tourist destination. It’s also the No. 2 ocean cargo hub on the East Coast, and the dock strike’s quick end was a relief.
Ports Rush to Reopen After Dockworker Strike Is Suspended
Days after tens of thousands of longshoreman along the East and Gulf Coasts walked out, their union and their bosses reached a tentative agreement on wages.
The labor market shows unexpected strength.
The labor market shows unexpected strength.
Union Agrees to Suspend Port Strike
The International Longshoremen’s Association received a new wage offer and will halt its walkout at East and Gulf Coast ports, which began Tuesday.
Hurricane Helene Deaths Will Continue for Years, Study Suggests
Research on hundreds of tropical storms finds that mortality keeps rising for more than a decade afterward, for reasons you might not expect.
Biden Scrambles to Contain Economic and Political Fallout of Port Strike
The labor dispute has forced President Biden and Vice President Kamala Harris into a complicated position just weeks before the election.
Dockworkers’ Strike Halts Commerce at Newark Port, Affecting the Supply Chain Ecosystem
The strike by longshoremen has halted commerce at Newark and other ports on the East and Gulf Coasts, affecting an ecosystem of supply-chain workers.
How the Port Strike Could Affect the Economy
Transportation and warehousing sectors are poised to first feel the pinch, with a broader economic fallout expected if the strike drags on.
U.S. Economy Had Stronger Rebound From Pandemic, G.D.P. Data Shows
Updated figures show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than previously reported.
Harris Now Has an Economic Plan. Can It Best Trump’s Promises?
A central question in the final stretch of the election is if Vice President Kamala Harris’s proposals will cohere into an economic argument that can top former President Donald J. Trump’s.
Trump’s Plans Could Spur Inflation While Slowing Growth, Study Finds
A nonpartisan economic analysis warned that deporting migrants and increasing tariffs would damage the U.S. economy.
As Strike Looms, Port Operators Ask Regulator to Force Dockworkers to Negotiate
The group that represents port terminal operators said the International Longshoremen’s Association was refusing to negotiate a new contract before a Monday deadline.
The Fed’s Preferred Inflation Gauge Cooled in August
Inflation is slowing so much that some economists said it could pave the way for another big Fed rate cut, if other data suggest one is warranted.
Trump’s Low-Tax, High-Tariff Strategy Could Clash With Economic Realities
The former president’s efforts to compel companies to remain in the United States had limited success while he was in the White House.
Harris to More Fully Detail Economic Plans
Vice President Kamala Harris’s campaign is preparing a lengthy document laying out an economic policy vision as voters say they want to know more about her approach.
An East Coast Port Strike Could Shake the Economy
Businesses are preparing for a strike by dockworkers on the East and Gulf Coasts, which could begin Oct. 1 if negotiations don’t yield a new contract.
Boeing Says It Has Made Its ‘Best and Final’ Offer to Striking Workers
The proposal includes raises of 30 percent over the four-year contract, up from a 25 percent offer, but it’s unclear whether it will satisfy workers.
What Trump Has Said About Interest Rates, and Why It Matters
He has suggested that presidents should “have a say” on interest rates, though he later walked the comment back.
Boeing to Begin Temporary Layoffs Due to Strike
The aerospace giant said it would temporarily lay off tens of thousands of employees to stem losses from a walkout by the machinists’ union.
What’s Next for Rate Cuts? The Fed Is Watching Jobs and Prices.
A Federal Reserve official predicted quarter point rate cuts if data looked ‘fine’. But he also set out a scenario for a pause — or faster reductions.
How Inflation and High Interest Rates Have Changed the Economy
As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.
Interest Rates Fall, but Central Banks Are No Longer in Lock Step
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
After Fed Cuts Rates, Biden Will Claim Credit for Economy’s Strength
The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.
Fed Cuts Interest Rates for First Time in Four Years
Fed officials kicked off rate cuts with a half-point reduction, confident that inflation is cooling and eager to keep the job market strong.
A Fed Rate Cut Would Cap a Winning Streak for Biden and Harris on Prices
Improved data on borrowing costs and price growth has buoyed consumers, but it might be coming too late to significantly affect the presidential race
How SMIC, China’s Semiconductor Champion, Landed in the Heart of a Tech War
Efforts by the Beijing-backed Semiconductor Manufacturing International Corporation, or SMIC, to break through innovation barriers have landed it in a geopolitical tech battle.
How the Fed Cutting Interest Rates Affects Banks, Stocks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.
In Nevada, Economy Tops Issues as Unemployment Remains High
The state is among a handful that will decide the presidential contest, and workers have felt increased prices at the grocery store and gas station.
As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
Hollywood Movie Producers Find a Harder Time Making a Living
Corporate consolidation and technology have upended many jobs in recent decades. But few arcs are more surprising than that of the Hollywood producer.
Boeing Workers Won’t Easily End Their Strike. Here’s Why.
The vehemence of workers over wages and other issues caught the company and union leaders off guard.
Amazon Sought Tariff Loophole Used by Chinese Rivals. Now Biden Is Closing It.
Under pressure from Chinese competitors, Amazon, Walmart and other U.S. retailers have been exploring ways to avoid tariffs. Could a new Biden administration rule change that?
Boeing Workers Walk Off the Job in First Strike Since 2008
Thousands of workers who build commercial planes in the Seattle and Portland, Ore., areas rejected a tentative contract recommended by union leaders.
Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
Trump’s Promises to Cut Inflation Are Unrealistic, Many Economists Say
Economists and analysts are dubious of Trump’s promises to slash gas prices or prod interest rates lower.
Trump and Democrats Agree: U.S. Needs a National Wealth Fund for Investments
Donald Trump has suggested he wants one, and the White House indicated that it has been quietly working on a proposal to set one up.
Poverty Increased in 2023 as Prices Rose and Pandemic Aid Programs Expired
More faced hardship in the United States last year, the Census Bureau said, as inflation and the end of subsidies outweighed higher incomes.
BLS Data on Jobs and Consumer Prices Faces a Test of Trust
The Bureau of Labor Statistics, which tracks prices and employment, faces scrutiny after several missteps. Some questions have gone unanswered.
Job Hunting Is a Challenge for Recent College Grads
Unemployment is still low, but job seekers are competing for fewer openings, and hiring is sluggish. That’s a big turnaround from recent years.
Why This Jobs Report Could Be the Most Pivotal One in Years
It’s tough to overstate how much hinges on Friday’s employment update, from the path for interest rates to the economic outlook.
U.S. Job Market Shifts to Lower Gear
Employers added 142,000 jobs in August, fewer than economists had expected, and previous months were revised downward.
For the Fed, a Sign That the Job Market Is Cooling but Not Cracking
Fed officials are hurtling toward a rate cut this month, but Friday’s jobs data left their options open on the size of that reduction.
Japan Tries to Reclaim Its Clout as a Global Tech Leader
Japanese chip companies are tapping billions of dollars and collaborating with foreign firms as part of new government policies that look outward.
Trump Calls for an Efficiency Commission, an Idea Pushed by Elon Musk
Donald Trump, in a speech in New York, said the commission would conduct a sweeping audit of the federal government and recommend “drastic reforms” for cutting waste.
Will Automation Replace Jobs? Port Workers May Strike Over It.
A contract covering longshore workers on the East and Gulf Coasts will expire at the end of September, but talks have been stalled over the use of equipment that can function without human operator
Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis
Central bankers are lowering borrowing costs, but that won’t be a cure-all for a widespread lack of affordable housing.
The Report Card on Guaranteed Income Is Still Incomplete
A three-year analysis of unconditional cash stipends concluded that the initiative has had some success, but not the transformational impact its proponents hoped for.
Harris and Trump Have Differing Plans to Solve Housing Crisis
The two presidential nominees are talking about their approaches for solving America’s affordability crisis. But would their plans work?
For Generations of Alaskans, a Livelihood Is Under Threat
Something is broken in the economics of the state’s fishing industry and the communities that have long depended upon it. Can Washington come to the rescue?
Gaza Debate Reopens Divisions Between Left-Wing Workers and Union Leaders
Last week’s Democratic National Convention surfaced differences over the war in Gaza that could widen fissures between labor activists and union officials.
The Fed’s Preferred Inflation Gauge Stays Cool, Keeping a Rate Cut Imminent
Inflation remained cool in July, based on the Personal Consumption Expenditures index, keeping the Federal Reserve on track for rate cuts.
Fed Minutes Show a Cut ‘Likely’ to Come in September
Even before a disappointing July jobs report, Federal Reserve officials thought they would probably cut rates at their Sept. 17-18 meeting.
Powell Faces Economic Crossroads as He Prepares to Speak at Jackson Hole
Jerome Powell, the Federal Reserve chair, will deliver remarks as inflation cools and growth holds up — but as labor market weakening threatens to interrupt the soft landing.
Where Does Biden’s Student Loan Debt Plan Stand? Here’s What to Know.
The Supreme Court refused to allow a key part of President Biden’s student debt plan to move forward. Here’s what’s left of it, and who could still benefit.
How Wall Street Learned About Last Week’s Labor Data Before the Public
The Labor Department provided insight into a recent lapse in which revised payroll data was given out à la carte before it went online.
What Across-the-Board Tariffs Could Mean for the Global Economy
Donald J. Trump, the Republican presidential nominee, has floated the idea of a 10 percent tariff on all U.S. imports, a plan that economists say could badly damage trade.
Harris and Trump Embrace Tariffs
Both Democrats and Republicans are expressing support for tariffs to protect American industry, reversing decades of trade thinking in Washington.
Kroger and Albertsons Confront a Skeptical F.T.C. in federal court
The Federal Trade Commission, which is trying to block Kroger’s plan to acquire Albertsons, said in court that the merger of grocery giants would also hurt workers’ pay and benefits.
Trump and Harris Embody a Stark Partisan Divide on Fighting Poverty
The two presidential candidates can both point to records of pushing poverty rates down, but their approaches could hardly be more different.
30-Year Mortgage Rate Dips to 6.46%; Home Sales Rise
Home buyers this week saw the lowest average rate since early 2023, and existing-home sales rebounded in July. Analysts predict more relief ahead.
What Kalamazoo (Yes, Kalamazoo) Reveals About the Nation’s Housing Crisis
A decade ago, the city — and all of Michigan — had too many houses. Now it has a shortage. The shift there explains today’s costly housing market in the rest of the country.
Care Policies Take Center Stage in Harris’s Economic Message
The Democratic nominee says she wants to make raising a family more affordable. But she has provided few details on her proposals.
Can the G.O.P. Really Become the Party of Workers?
A new generation of Republicans is learning to love labor. It’s not clear if labor will love them back.
U.S. Tightens Technology Controls to Target Russian War Machine
The Biden administration announced new penalties on shell companies and suppliers that were feeding Russia’s war against Ukraine.
Fed Chair Powell Signals Interest Rate Cuts in Jackson Hole Speech
Jerome H. Powell used a speech in Jackson Hole to signal that the Federal Reserve will begin to cut rates on Sept. 18, and to voice wariness about the job market.
What a Prolonged Rail Shutdown in Canada Would Mean for Trade
Rail labor disruptions in Canada tend to be brief, but a prolonged stoppage could have hurt farmers, automakers and other businesses.
Farm Workers Union Battles With California Grower, Wonderful Nurseries
Wonderful Nurseries, owned by Stewart and Lynda Resnick, has sued the state to overturn a labor organizing law championed by the United Farm Workers.
While the Public Awaited Jobs Data, Wall Street Firms Got a Look
A report was delayed on the Bureau of Labor Statistics website, but some investors got it in the meantime, raising new questions about agency practices.
Ford Pulls Back Its Electric Vehicle Push
The automaker said it would invest less in battery-powered cars and scrap a planned electric three-row sport utility vehicle.
Judge Blocks F.T.C.’s Noncompete Rule
The Federal Trade Commission was deemed to lack the authority to bar companies from restricting their employees’ ability to go to work for rivals.
Americans Growing Worried About Losing Their Jobs, Labor Survey Shows
The New York Fed’s labor market survey showed cracks just as Jerome H. Powell, the Fed chair, prepares for a closely watched Friday speech.
A.I. Is Helping to Launch New Businesses
Entrepreneurs say use of artificial intelligence for a variety of tasks is accelerating the path to hiring and, ideally, profitability.
Harris and Trump Offer a Clear Contrast on the Economy
Both candidates embrace expansions of government power to steer economic outcomes — but in vastly different areas.
Harris Will Back Federal Ban on Price Gouging, Campaign Says
The vice president is leaning into an effort to partly blame big companies for inflation, as progressives have pushed her to embrace that argument.
Kamala Harris Blames ‘Price Gouging’ for Grocery Inflation. Here’s What Economists Say.
Price increases when demand exceeds supply are textbook economics. The question is whether, and how much, the pandemic yielded an excess take.
Retail Sales Were Up 1% in July, Easing Concerns About the Economy
Sales were up 1 percent in July from the previous month. The rise was slimmer when autos and gasoline were excluded, but market reaction was favorable.
Kamala Harris Set to Lay Out Economic Agenda in North Carolina Speech
The vice president is expected to recalibrate President Biden’s policy themes in a bid to turn the Democratic economic agenda into an asset.
How Food Prices Have Changed During the Biden Administration
Grocery prices are no longer rising as rapidly, but food inflation remains a top issue for voters, polls show.
World’s Five Leading Chipmakers Have Now Promised U.S. Investment
The announcement of CHIPS Act funding for a plant in Indiana means the United States will have attracted investment from the world’s top chipmakers.
Los Angeles 2028 Olympic Games Planners See Economic Upside
The Summer Games will be the third for Los Angeles as host, but it will be a challenge to repeat the financial success of 1984.
U.S. Officials to Visit China for Economic Talks as Trade Tensions Rise
The recently established U.S.-China Financial Working Group is set to meet for discussions about financial stability and curbing the flow of fentanyl.
To Avoid an Economic Recession, Consumer Spending Is Key
Consumer spending has powered the economic recovery from the pandemic shock. Now wallets are thinner, and some businesses are feeling the difference.
Mortgage Rates Drop Sharply, With 30-Year at 6.47%
The key mortgage rate had its biggest one-week decline of the year, falling to the lowest level in 15 months.
U.S. Vies With Allies and Industry to Tighten China Tech Controls
The Biden administration must navigate the interests of U.S. companies and allied governments as it tries to close off China’s access to advanced chips
How Economic Grievances Were Exploited in Britain’s Violent Unrest
Nationalist hatred has been linked to forces like stagnant wages and declining services, even though research shows immigration helps many economies.
Stellantis to Lay Off Up to 2,450 at Ram Truck Plant in Warren, Michigan
The move is the latest sign of trouble for the trans-Atlantic automaker, which has had sluggish North American sales and has said it needs to cut costs.
Trump Suggests That President Should Have a ‘Say’ in Interest Rates
Donald J. Trump said presidents should have input on interest rates, a comment likely to stoke fears that he could try to limit the Federal Reserve’s political independence.
From Tips to TikTok, Trump Swaps Policies With Aim to Please Voters
The former president’s economic agenda has made some notable reversals from the policies he pushed while in the White House.
Trump Dangles New Tax Cut Proposals With Real Political Appeal
The most recent and costliest of Mr. Trump’s ideas would end income taxes on Social Security benefits.
Disney Parks Struggle, Exposing New Trouble Spot
Companywide profit increased, the result of hit movies and streaming growth. But Disney said softening theme park demand “could impact the next few quarters.”
Apple Workers Approve Contract at First Union Store in U.S.
The agreement raises wages roughly 10 percent over three years and guarantees benefits and severance pay.
Stock Markets Signal Recession Fears. Here’s the Economic Outlook.
The economy has repeatedly defied predictions of a downturn since the pandemic recovery began. Now signs of strength contend with shakier readings.
Movie Editors and Animators Fear A.I. Will Kill Jobs
Actors and writers won strict limits on artificial intelligence in last year’s contract negotiations, but editors and artists face a growing challenge.
Seeking Your First Job After College? Share Your Story.
The New York Times wants to hear from recent college graduates, other young job seekers and hiring managers about this year’s job market.
JD Vance Pioneered ‘New Right’ Economics. Trump May Not Embrace It.
The vice-presidential nominee favors economic policies that help advance a socially conservative vision of American society — and that sometimes clash with Trump’s own plans.
Opportunity Zones, Lauded by Trump, Don’t Always Help Poor
A tax incentive, with bipartisan roots, aims to foster development in poor areas. It has fueled building, but it hasn’t always aided local residents.
S&P and Nasdaq Drop as Jobs Report Shakes Market
The report on hiring in July added to worries about the economy. Stocks fell sharply, and Treasury yields declined in expectation of a Federal Reserve rate cut.
Fed Will Scour Jobs Report for Signs of Weakness
Central bankers are preparing to cut interest rates, and are warily monitoring job data as they consider when and how much to lower them.
Productivity Surges 2.3%, Beating Forecasts
Output was up sharply in the second quarter, with the rise in goods produced far exceeding the increase in hours worked.
Trump Promises Lower Interest Rates, but the President Doesn’t Control Those
The Federal Reserve sets interest rates, and it operates independently of the White House. But rates could come down as inflation cools.
Michigan Supreme Court Ruling to Raise Minimum Wage in the State
The ruling, raising the minimum wage and phasing out a lower wage for tipped workers, said legislators had acted improperly in dodging a referendum.
What to Watch as the Fed Meets on Wednesday
The Federal Reserve is expected to leave interest rates unchanged but could set up for a cut later this year.
Amazon Union Dissident Wins Election as President
The Amazon Labor Union has been divided over strategy and governance issues after winning a representation vote at a Staten Island warehouse in 2022.
Is the Labor Market About to Crack? It’s the Key Question for the Fed.
Central bankers are paying more attention to the strength of the job market as inflation cools. But it’s a tough time to gauge its resilience.
Can Kamala Harris Sell Bidenomics?
Much of President Biden’s agenda polls well, but voters roundly dislike his handling of the economy. That’s a campaign challenge for his vice president, as she mounts a presidential bid.
Child Care Costs Challenge Women’s Gains in Work Force
Participation in the labor force has surged among women in their prime working years. But for those with children under 5, the gains may have peaked.
Fed’s Preferred Inflation Measure Cooled Overall in June
The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.
With Kamala Harris, U.S. Free Trade Skepticism May Continue
The vice president has been critical of past trade deals. But her record suggests she could push for trade measures that address environmental issues.
2025 Could Be a Great Time to Be President, Economically Speaking
Trends already underway make for a sunny outlook over the next few years. The question is who will get to take credit.
U.S. Economy Grew Faster Than Expected in Second Quarter, at 2.8% Rate
Gross domestic product rose at a 2.8 percent annual rate in the second quarter, new evidence of the economy’s resilience despite high interest rates.
On Economic Policy, Harris Has Played Limited Role
President Biden has not given his vice president an expansive economic portfolio. But she has engaged on issues of small-business lending, help for parents and more.
Small Banks Say Their Commercial Real Estate Loans Are Fine
Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.
Judge Refuses to Block F.T.C.’s Noncompete Ban as Lawsuits Play Out
A judge in Pennsylvania denied a request to delay the rule, siding with the agency and diverging from a Texas court’s decision earlier this month.
California Forever Future City in Solano County Put on Hold
The East Solano Plan, a proposal for a walkable urban community in a rural corner of the San Francisco Bay Area, stoked tension, fear and mistrust among some neighbors.
Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait.
A Harris Economy Could Prove More Progressive Than ‘Bidenomics’
As a presidential candidate in the past, the former California senator pushed for higher taxes and bigger housing investments.
I.M.F. Sees Signs of Cooling in U.S. Economy
The International Monetary Fund warned that inflation remained stubbornly high and that protectionism posed a risk to the global economic outlook.
No Taxes on Tips? A Trump Idea Gains Ground.
The sudden popularity of exempting tips from taxes is a reminder of the improvisational nature of economic policymaking under Donald Trump.
Biden Rent Cap Proposal Reignites Housing Policy Debate
A proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches.
Landlords Raise Rents Based on RealPage Software, Suits Say
Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private data, amounts to collusion.
Ford Plans More Gas Trucks, Fewer Electric Vehicles
Ford, General Motors and other automakers are slowing investments in electric vehicles and doubling down on more profitable gasoline cars and trucks.
Is It Silicon Valley’s Job to Make Guaranteed Income a Reality?
The tech community, led by Sam Altman of OpenAI, has funded programs that give people unconditional cash. Some say it’s time to scale up.